Capital One says that, within the USA, clothes and computer systems are essentially the most and the least returned sorts of merchandise, respectively. One other nugget of knowledge is that older customers return greater than the younger. Additionally, retailers in Hawaii lose essentially the most cash on returns per capita, whereas those that promote to Californians lose essentially the most by way of gross sales worth.
The NIQ 2024 Mid-Yr Client Outlook provides that consumers count on better worth from their orders. They’re extra curious about sustainability and innovation. However points like AI readiness, way of life modifications, and the rising prices of scorching commodities can open up new avenues for development for sellers.
Statista claims return charges are dropping within the USA. However at 17.6%, they’re nonetheless greater for on-line orders than for in-store purchases, based on the NRF’s 2023 Client Returns within the Retail Business report. As digital gross sales are forecast to develop by 10% yearly, you possibly can count on your on-line claims to mount up.